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Mar 10, 2013
03/13
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we do know that aviation at large as one of the driving forces behind the economy. whether it is commercial air traffic or whether it is aircraft production or whether it is the innovation that happens on the electronic and avionic site, we know it is one of the drivers of the economy that will clearly have an impact on the economy from the sequestration cut. >> i just want to close by saying i want to work with anybody that has a good idea as to how we can identify targeted cuts in federal programs that are not efficient and can be improved but to single out these across-the-board cuts that we know are not good for our economy, that are not good for public safety and our ill- conceived, we have to move in a different direction. >> the gentleman yield back and now we have the gentleman from gainesville, ga.. >> i'm sorry -- go ahead. >> it's you. you should be next. >> one of the things that comes when you are new and sitting in the front row and listen to the entire hearing, it is amazing how many things we have talked about that have absolutely nothing to do with
we do know that aviation at large as one of the driving forces behind the economy. whether it is commercial air traffic or whether it is aircraft production or whether it is the innovation that happens on the electronic and avionic site, we know it is one of the drivers of the economy that will clearly have an impact on the economy from the sequestration cut. >> i just want to close by saying i want to work with anybody that has a good idea as to how we can identify targeted cuts in...
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May 4, 2013
05/13
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is that going to be significant for the economy? >> i think it takes some of the stress out, because you're creating more disposable spending. you're reducing the probability of foreclosures. the refinance world is sort of this unseen -- everybody's looking at sales. but credit is still very tight. so you've got to bring more people to be able to reduce the stress of their payments. >> banks want about a 750 score. most americans have below 700. think about that. >> this is true. >>> coming up, billionaire warren buffett joins twitter. we'll show you what tweets from an oracle look like, next. >>> so we've been hearing a lot about women in tech, like facebook's sheryl sandberg, yahoo!'s marisa meyer and how they're shaking up the workplace. now warren buffett is joining this conversation. i want to bring in patty sellers. she's a senior editor at large with fortune. patty joins me now from omaha, the site of berkshire hathaway's annual meeting. nice to see you. you sat down with buffett and you asked him why women make him more opti
is that going to be significant for the economy? >> i think it takes some of the stress out, because you're creating more disposable spending. you're reducing the probability of foreclosures. the refinance world is sort of this unseen -- everybody's looking at sales. but credit is still very tight. so you've got to bring more people to be able to reduce the stress of their payments. >> banks want about a 750 score. most americans have below 700. think about that. >> this is...
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Jan 29, 2013
01/13
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FBC
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this with the economy needs right now. here to break it down is john ulzheimer, president of consumer education is more credit. thank you for joining us. i just want to make sure i understand, this is somewhere between one and 4% fees that normally when you swipe your credit-card it is the margin that has to pay that to the credit-card issuer for the privilege of using a credit card, and a lot of times when you're in a taxi and they try to encourage you to use cash or other places is because they don't want to pay the fee. some balance the telling you used as they pass it on to you. is that right? >> this is the key theme, and merchants are still going to be charged that 1-4% interchange as white feet, but now in many instances they will be able the subsidize the cost of the fee by just turning around and charging the consumer when they sweat a certain credit card and uncertain states. melissa: there are rules around this. ten states cannot do this. new york is one of them. i'm sure we have a list of the of the once. they
this with the economy needs right now. here to break it down is john ulzheimer, president of consumer education is more credit. thank you for joining us. i just want to make sure i understand, this is somewhere between one and 4% fees that normally when you swipe your credit-card it is the margin that has to pay that to the credit-card issuer for the privilege of using a credit card, and a lot of times when you're in a taxi and they try to encourage you to use cash or other places is because...
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Jan 18, 2013
01/13
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
01/13
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Apr 27, 2013
04/13
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economy to grow. that's why i am with robert reisch. this is very rare by the way that i think the next couple quarters could be stuff sledding. >> i think the sky may have fallen. i will revise my earlier statement and take with great trepidation one agrees with the other and the other agrees with the other. love it. i love consensus. gentlemen, thank you so much. nice to see you. have a great weekend, guys. good news. go back to the usual misery of flying. >> we'll all pay the price. what can you do? you grin and bear it. >> they need it fix it. i just wanting to home. >> the elected leaders have stepped in to keep air traffic controllers on the job. now can they solve the rest of the forced budget cuts? that's next on "your money." matt's brakes didn't sound right... ...so i brought my car to mike at meineke... ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> further proof all it takes to get washington to act is a deadline that has pas
economy to grow. that's why i am with robert reisch. this is very rare by the way that i think the next couple quarters could be stuff sledding. >> i think the sky may have fallen. i will revise my earlier statement and take with great trepidation one agrees with the other and the other agrees with the other. love it. i love consensus. gentlemen, thank you so much. nice to see you. have a great weekend, guys. good news. go back to the usual misery of flying. >> we'll all pay the...
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Oct 31, 2013
10/13
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president obama wrapping up a speech on the economy. hi, everyone, i'm gretchen carlson. welcome to "the real story." the president under fire, though, for his signature accomplishment, speaking in d.c. as he tries to move away from the messy rollout of obama care. >> because you've heard repeatedly today and you will hear, undoubtedly, after i leave this stage, america is open for business. and businesses have responded. you know, after a decade in which many jobs left the united states to go overseas, now we're seeing companies starting to bring jobs back. >> so, let's take a look at some key economic numbers that seem to be all over the place, quite frankly. the stock market flirting with a week of record highs, despite a lackluster report on retail sales. and gas prices dropping to an average of $3.28 per gallon, down almost a quarter from last year. but milk prices may be about to soar, or sour, depending on how you look at it. joining me now, melissa francis, host of "money with melissa francis" on the fox business network. what do you make of this up-and-down econo
president obama wrapping up a speech on the economy. hi, everyone, i'm gretchen carlson. welcome to "the real story." the president under fire, though, for his signature accomplishment, speaking in d.c. as he tries to move away from the messy rollout of obama care. >> because you've heard repeatedly today and you will hear, undoubtedly, after i leave this stage, america is open for business. and businesses have responded. you know, after a decade in which many jobs left the...
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Mar 22, 2013
03/13
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>> well, from an economic standpoint the economy has been relatively shruggish. fourth quarter was barely positive. to some degree hurricane sandy has been taking half a percent or so out of growth. as we get into the spring months that will result in an economic pick up based upon the rebuilding. we think a lot of the noise relating to washington is starting to fade, the fiscal cliff, sequester, the debt ceiling, all of those issues seem to be moving out later into the year. so as a result the impediments that were slowing the economy down over the last couple of quarters we think will result in better economic growth. the equity market is starting to sense that. i think to some degree that is some of the reasons why the markets ignored washington and ignored sandy so far this year and is up 10% or so. >> that is why you have such a bullish forecast for the s&p. you are calling for it to end the year at 16.60. it is all going to play out pretty strongly. >> we think corporate earnings will chug along may increase about $108 full year for the s&p. we think we wil
>> well, from an economic standpoint the economy has been relatively shruggish. fourth quarter was barely positive. to some degree hurricane sandy has been taking half a percent or so out of growth. as we get into the spring months that will result in an economic pick up based upon the rebuilding. we think a lot of the noise relating to washington is starting to fade, the fiscal cliff, sequester, the debt ceiling, all of those issues seem to be moving out later into the year. so as a...
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Jan 18, 2013
01/13
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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-- federal economy and state economy that people are asleep at the switch, someone should have caught to before they paid themselves and the governor -- >> you were out there in your own capacity, trying to help your fellow staten islanders. how would you gradall of the reportive you know - you know. >> all of them. >> regular blue collar, con ed worker, i saw them day in day out, working their butt off, all that showed was macro, management was not in place there was no strategy in place to tell them what to do in day 2, day 5, day 30, we need to look at, that not an indication on the regular every day worker but indication on the executives. there have been other power executives who lost their jobs because of their response. i am not suggestioning that anyone should lose there are job but they -- their job but they should look at the executive management, the guys on the ground were doing all they could. neil: next time you talk about fat cat wall streeters and they don't care, when wall street protesters were gathering saying we want a job, he and his brother set out a table and s
-- federal economy and state economy that people are asleep at the switch, someone should have caught to before they paid themselves and the governor -- >> you were out there in your own capacity, trying to help your fellow staten islanders. how would you gradall of the reportive you know - you know. >> all of them. >> regular blue collar, con ed worker, i saw them day in day out, working their butt off, all that showed was macro, management was not in place there was no...
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May 1, 2013
05/13
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economy. that can improve our energy independence. there are a whole range of opportunities, and -- and that's going to be the purpose of this trip. and i'm sure that those of you who will have a chance to travel with me will have a chance to discuss this -- all right? thank you very much, everybody. >> jason collins -- >> thank you, guys. >> jason collins, do you want to say anything about him? >> yeah, i'll say something about jason collins. i had a chance to talk to him yesterday. he seems like a terrific young man, and, you know, i told him i couldn't be prouder of him. you know, one of the extraordinary measures of progress that we've seen in this country has been the recognition that the lgbt community deserves full equality, not just partial equality, not just tolerance but a recognition that they're fully a part of the american family. and, you know, given the importance of sports in our society, for an individual who's excelled at the highest levels in one of major sports go ahead and
economy. that can improve our energy independence. there are a whole range of opportunities, and -- and that's going to be the purpose of this trip. and i'm sure that those of you who will have a chance to travel with me will have a chance to discuss this -- all right? thank you very much, everybody. >> jason collins -- >> thank you, guys. >> jason collins, do you want to say anything about him? >> yeah, i'll say something about jason collins. i had a chance to talk to...
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Mar 25, 2013
03/13
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FBC
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i can't imagine whypeter would want to live in this economy. my, god, why not go off and live over the, you know, put his residence on top of that offshore bank and make sure he manages it well, have a good time. this is an absurdity of the this is -if anything, right now, the united states, we have a market for which there is a premium for security, and for responsibility, and as -- as we listen to all of thesesort of, what i call the neocons of economics, nonsense, t reality is that we're getting better, we're getting stronger. we are soidifying progress, and cypress will be a -- won't even be a footnote a month from now. the european union is asserting leadership and it is coming to its senses about how to build a better future for what's been a very difficult, i mean, think of the complexity of what they are managing there compared to what we are doing. shibani: absolutely. you can't compare them. there's strength in the dollar, the markets are near all-time highs, and recovery, and there's pockets of the economy. way we still see, you say
i can't imagine whypeter would want to live in this economy. my, god, why not go off and live over the, you know, put his residence on top of that offshore bank and make sure he manages it well, have a good time. this is an absurdity of the this is -if anything, right now, the united states, we have a market for which there is a premium for security, and for responsibility, and as -- as we listen to all of thesesort of, what i call the neocons of economics, nonsense, t reality is that we're...
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Jan 17, 2013
01/13
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KRON
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this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death a a burly cleared the plan is two months ago and worldwide regulators are ground the planes. i do not like this because there's too much of a chance of recalls. short- term, boeing is a risk. but they will not go out of business and the plane will figure out its problems. you probably wil >> thank you rob. we will be visiting with you a began talking about the winners and losers later. the >> we're taking a look at van ness ave. >> we have several spots in the upper 20s. it is clear conditions for most of us perry ed it is patchy frost and t
this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death...
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Mar 23, 2013
03/13
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FBC
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economies. where are those bold innovative companies. and i would make another footnote about the buybacks. yes, record numbers since 2009. but that is because the feds are buying back their own shares. they say let them pass the stress test. they really struggle and diluted earnings per share. diluted their capital base with a lot of shares during the crisis. they have basically flooded the market to recapitalize and buying it back. the. neil: in cyprus explodes and banks reopened, let's see what happens to the residents of cyprus. people say oh, we are there for you. then you realize that they aren't. have a good weekend >> welcome, i am shibani joshi and four gerri willis. we will tackle the new blackberry. as i don't have anything to worry about? we will discover andalk about that as well. and the faa starts to close air traffic control towers. we will tell you how that ca affect your travel plans going into the spring. but first, raising $8.5 billion and euros needed to see the bailout from the european central bank. it has created
economies. where are those bold innovative companies. and i would make another footnote about the buybacks. yes, record numbers since 2009. but that is because the feds are buying back their own shares. they say let them pass the stress test. they really struggle and diluted earnings per share. diluted their capital base with a lot of shares during the crisis. they have basically flooded the market to recapitalize and buying it back. the. neil: in cyprus explodes and banks reopened, let's see...
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Jan 31, 2013
01/13
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the economy's surprising downturn in the 4th quarter, and why traders are not overly concerned. in today's cover story, name changer at "blackberry." will the corporate makeover help to turn around the company? bulls and bears are at odds over the dow's chances of heading above the critical 14,000 level. plus, the co-ceo of whole foods dishes about hot corporate topics. and, can zombies bring new life to the box office? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's thursday, january 31st, the final trading day of the month. in today's first look: stocks pull back. the dow toned down its march to 14,000. traders and investors took money off the table as gdp came in weaker than expected for the 4th quarter. instead they put money into gold and oil. facebook's wild night: shares initially dropped 10% on earnings that topped wall street's expectations, then turned around and rallied back with a gain. as lawmakers consider gun laws, the nra reports membership is up a half million
the economy's surprising downturn in the 4th quarter, and why traders are not overly concerned. in today's cover story, name changer at "blackberry." will the corporate makeover help to turn around the company? bulls and bears are at odds over the dow's chances of heading above the critical 14,000 level. plus, the co-ceo of whole foods dishes about hot corporate topics. and, can zombies bring new life to the box office? first business starts now. you're watching first business:...
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Jul 26, 2013
07/13
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KICU
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"we've got to stay focused on how do we build the economy that works for everybody. that's my focus. the fight for a living wage is often associated with minimum- wage service jobs. in comparison, the commerce department's average hourly wage for a middle-class worker is about $17.50 an hour for men, $14.50 an hour for women. the federal indictment of the nation's largest hedge fund is rocking the finanical world. yesterday, manhattan's u.s. attorney handed down an indictment against sac capital advisors. the firm faces a number of charges, including criminal responsibility for insider trading committed by numerous employees on a scale without known precedent in the hedge fund industry. the case could have a ripple effect on wall street. "a lot of people are going to be hauled in on this, so the fallout is going to be how far does this go. was it contained just with this one hedge fund or will it be all of the people who were trading with the company as well?" sac, responding to the indictment, says the firm never encouraged, promoted or tolerated insider trading and
"we've got to stay focused on how do we build the economy that works for everybody. that's my focus. the fight for a living wage is often associated with minimum- wage service jobs. in comparison, the commerce department's average hourly wage for a middle-class worker is about $17.50 an hour for men, $14.50 an hour for women. the federal indictment of the nation's largest hedge fund is rocking the finanical world. yesterday, manhattan's u.s. attorney handed down an indictment against sac...
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Apr 29, 2013
04/13
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CNBC
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the air transportation system runs our economy. you can't go to london for a meeting if you can't fly there. the whole country came to a standstill. you need somebody who understands that. >> indeed. always great to have your commentary on our show. a positive sign for the spring home selling season. could it be better. give it to us, diana. >> demand is there. supply is not. that appears to be keeping sales less than robust. a contract did rise 1.5% month to month and up 7% from a year ago. sales are leveling off. and the numbers are even more dra mat nick some other markets. you can check out his recovery. listings are down 42% year over. 31% in minneapolis and down 30% year-over-year in charlotte. why? well several reasons. first, despite rising home prices, over 10 million or 22% of all properties with a mortgage were still in an underwater position at the end of 2012 according to core logic. add to that 11 million more that have less than 20% equity which makes a move up buy pretty pricey. >> the trade off market, while doing
the air transportation system runs our economy. you can't go to london for a meeting if you can't fly there. the whole country came to a standstill. you need somebody who understands that. >> indeed. always great to have your commentary on our show. a positive sign for the spring home selling season. could it be better. give it to us, diana. >> demand is there. supply is not. that appears to be keeping sales less than robust. a contract did rise 1.5% month to month and up 7% from a...
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Apr 30, 2013
04/13
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FBC
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look at the economy we are expected to grow 2% and europe will probably be negative. and we are expecting earnings to grow 20% on average. how do you do it? top down from the revenue standpoint an economic standpoint i cannot possibly see that. neil: i am not dismissing it but we have seen that with lower expectations so it is me at school trying to praise my parents for the bad grades but i know expectations and how they're played but are we missing something bigger and that would seem to be the global slowdown. >> the whole economy has been slowing down. that china was booming and although not doing well and even germany is facing grosso that picture has changed a lot. neil: what about the individual investor? people tell me i saw this come pewter glitch -- computer glitch i remember the flash crash i have not gained money in the last tenures so i don't trust the market. it takes a long time to build trust. >> it does. people are breaking a more into the market these days than they were. but every hurdle investors face is to believe is what we hope wall street is te
look at the economy we are expected to grow 2% and europe will probably be negative. and we are expecting earnings to grow 20% on average. how do you do it? top down from the revenue standpoint an economic standpoint i cannot possibly see that. neil: i am not dismissing it but we have seen that with lower expectations so it is me at school trying to praise my parents for the bad grades but i know expectations and how they're played but are we missing something bigger and that would seem to be...
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Mar 4, 2013
03/13
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CSPAN
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economy. >> you find washington and silicon valley are on two different planets? >> i think that is fair to say. i think the thais are getting closer. there is a lot more interaction than there was before puree good in many ways the folks in silicon valley did not care -- there was before. in many ways the folks in silicon valley did not care what was happening in washington. >> follow the technology columnist as he tours the consumer electronics show monday night at 8:00 eastern on c-span 2. >> now discussion about politics and public debate surrounding automatic spending cuts. this is about 45 minutes. >> welcome to our sunday round table. we want to welcome will. he is serving as deputy editor. his political reporter. thank you both for being with us. >> thanks for having us. we were asking how you would define the sequestration. >> meh. >> i am going to go with unnecessary. it is difficult to predict at this point of time. at the same time, it was designed to force congress to act, and con
economy. >> you find washington and silicon valley are on two different planets? >> i think that is fair to say. i think the thais are getting closer. there is a lot more interaction than there was before puree good in many ways the folks in silicon valley did not care -- there was before. in many ways the folks in silicon valley did not care what was happening in washington. >> follow the technology columnist as he tours the consumer electronics show monday night at 8:00...
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Oct 20, 2013
10/13
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KNTV
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that's amazing in this economy. and those jobs are not going away. and while this ability to, you know, innovate without permission is helping a bunch of people who can code, create significant wealth and significant value in a short period of time, in five years, can you go from starting a company in a bus station like drop box to being the owner of a multibillion-dollar company. that only will happen to people who have those skills and what already exists as a gap in this country will just grow if we don't get more people access. >> how do you decide what you're going to invest in now? >> i -- i really -- because i invest so early stage, the thing that matters most to me is founders. . and i'd be a hypocrite if i said otherwise. they rejected me and steve because our idea was so bad. >> but is it passion? >> which by the way was not reddit. >> my mobile menu. you'll have to read about. i want to see some founders who i really believe in who i think they are going to do this because they've been able to prove they can build stuff, they lunch stuff a
that's amazing in this economy. and those jobs are not going away. and while this ability to, you know, innovate without permission is helping a bunch of people who can code, create significant wealth and significant value in a short period of time, in five years, can you go from starting a company in a bus station like drop box to being the owner of a multibillion-dollar company. that only will happen to people who have those skills and what already exists as a gap in this country will just...
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May 3, 2013
05/13
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CNBC
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it's a sick economy making sit sicker. just like if are you a drug addict, you take more drug, you feel better, but you are fought getting healthier. the cheap money is preventing the economy. >> i always wanted to figure out that drug thing. i've never gotten on to that ting yet. >> peter, at the end of the day, this is reality. this is where we are. the federal reserve is on qe infinity. that's the bottom line. just yesterday, they said, look, we can even increase it from here. this is the reality we face. whether or not this is a manufactured market or not, basically suggesting what you just said, you've got no alternatives to stocks. so why am i going to get from front of this trade? >> yes, you do. copper, look at the big move up in oil. >> copper? >> you can invest in foreign stocks. the dollar was actually softer today. but i know what the reality is. the reality is we are living in a bubble. all bubbles burst. it's unfortunate we didn't learn that lesson in 2008. we are about to learn a much bicker lesson. when thi
it's a sick economy making sit sicker. just like if are you a drug addict, you take more drug, you feel better, but you are fought getting healthier. the cheap money is preventing the economy. >> i always wanted to figure out that drug thing. i've never gotten on to that ting yet. >> peter, at the end of the day, this is reality. this is where we are. the federal reserve is on qe infinity. that's the bottom line. just yesterday, they said, look, we can even increase it from here....
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Apr 26, 2013
04/13
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KQED
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economy. he's chief economist at db advisers. you heard all of our reports, can you pull it together for us. how much pain is sequestration going to have on the economy? can you put a number on it? >> sure, it's not just sequestration. it has to be put in the context of the tax increases at the beginning of the year. so putting that all together is -- it's a substantial fiscal tightening, probably going to shave one to one and a half percentage points off of gdp growth this year from what it would be. it's both. the tax hike and the sequestration spending cuts. >> if that is the case, why are stocks going up and up and up? >> all the parts of the economy are doing well, i mean, the healing of the -- what i call the post bubble head winds, the houses overhang, all the things that have kept this recovery pretty dormant, those things are dimini diminishing, as they do, the economy is picking up momentum. we're throwing this new monkey wrench at it, which is the fiscal tightening, it's a bit of a tug of war right now, and the battle
economy. he's chief economist at db advisers. you heard all of our reports, can you pull it together for us. how much pain is sequestration going to have on the economy? can you put a number on it? >> sure, it's not just sequestration. it has to be put in the context of the tax increases at the beginning of the year. so putting that all together is -- it's a substantial fiscal tightening, probably going to shave one to one and a half percentage points off of gdp growth this year from what...
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Dec 18, 2013
12/13
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WRC
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job market is stronger now, and the economy needs less support. so the agency will cut back on bond purchases starting january. those have helped keep interest rates low. the stock markets reacted to the news right now. the numbers are still settling. it looks like the dow will finish up almost 300 points. >>> first on 4:00, a look inside d.c.'s new city center. it's located on the site of the old convention center bordered by new york avenue, 9th street, 11th street, and 11th street. it's a city within a city. 70% are already sold. a luxury hotel will be in construction soon. >>> another significant feature of the project, it reopens 10th street for the first time in 34 years. >>> listen up all you panda fans. the national zoo announced when you'll be able to see bao bao in person. the panda cub will make her public debut january 18th. tp length of time she spends outside will depend on her behavior. she was born in august and now weighs more than 13 pounds. >> crisp outside right now, a major warmup is on the way. >> i have to agree with you, ji
job market is stronger now, and the economy needs less support. so the agency will cut back on bond purchases starting january. those have helped keep interest rates low. the stock markets reacted to the news right now. the numbers are still settling. it looks like the dow will finish up almost 300 points. >>> first on 4:00, a look inside d.c.'s new city center. it's located on the site of the old convention center bordered by new york avenue, 9th street, 11th street, and 11th street....
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Dec 3, 2013
12/13
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CNBC
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it goes back to whether or not you're going to have a ton of money or the economy is going to improve and the charts look great. >> guess who owns ferrari? >> fiat. >> and it gets back to the whole thing with tesla. >> and then you took a tone down a little bit. very nice, tim. all right. brand new data showing that cyber monday was the largest online shopping day in history and the biggest growth came from a surprising sector. we are joining you now to break down the numbers. >> glad to be here. >> which sector was the surprise? >> i'm sorry? >> which sector was the surprise? >> i think what has been a surprise for i think everybody with the season which is a little challenging, given how short the season is this year is whether or not retailers are able to extend the season by pulling buying forward. it looks like that worked pretty well online but i think there is some evidence that it didn't work as smoothly in the afterline world. >> what kind of retailer gained the most? >> the discounters are up strongly. and amazon is gaining share as it typically does. so their growth rates a
it goes back to whether or not you're going to have a ton of money or the economy is going to improve and the charts look great. >> guess who owns ferrari? >> fiat. >> and it gets back to the whole thing with tesla. >> and then you took a tone down a little bit. very nice, tim. all right. brand new data showing that cyber monday was the largest online shopping day in history and the biggest growth came from a surprising sector. we are joining you now to break down the...
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Aug 6, 2013
08/13
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KCSM
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the city regards the gambling dens as a stimulus for the economy. gambling is illegal in turkey. as soon as the border to george opened, turks with money to burn headed east. >> it brings stark insides -- dark sides to it. >> every day at sundown for years now, five euros a person at the harbor. the excursion boat belongs to his son. he sees the city's development in a positive light and enjoys the bustling nightlife. >> every resort town has to have casinos. tourists are looking for entertainment. no one forces them to gamble away their money. >> prostitution is illegal in georgia but in the suburbs, the police turn a blind eye here. most of the clients are from neighboring turkey. the clubs late turkish pop music -- play turkish pop music. the ideal of romantic love seems to belong to another place, another time. what is left is stealing concrete -- steel and concrete. the turkish consulate has been busy answering calls from turkish women looking for their husbands and the border opened. >> this is normal because her family members are going to another country. >> peddlers offe
the city regards the gambling dens as a stimulus for the economy. gambling is illegal in turkey. as soon as the border to george opened, turks with money to burn headed east. >> it brings stark insides -- dark sides to it. >> every day at sundown for years now, five euros a person at the harbor. the excursion boat belongs to his son. he sees the city's development in a positive light and enjoys the bustling nightlife. >> every resort town has to have casinos. tourists are...
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Aug 8, 2013
08/13
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LINKTV
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the city regards the gambling dens as a stimulus for the economy. gambling is illegal in turkey. as soon as the border to george opened, turks with money to burn headed east. >> it brings stark insides -- dark sides to it. >> every day at sundown for years now, five euros a person at the harbor. the excursion boat belongs to his son. he sees the city's development in a positive light and enjoys the bustling nightlife. >> every resort town has to have casinos. tourists are looking for entertainment. no one forces them to gamble away their money. >> prostitution is illegal in georgia but in the suburbs, the police turn a blind eye here. most of the clients are from neighboring turkey. the clubs late turkish pop music -- play turkish pop music. the ideal of romantic love seems to belong to another place, another time. what is left is stealing concrete -- steel and concrete. the turkish consulate has been busy answering calls from turkish women looking for their husbands and the border opened. >> this is normal because her family members are going to another country. >> peddlers offe
the city regards the gambling dens as a stimulus for the economy. gambling is illegal in turkey. as soon as the border to george opened, turks with money to burn headed east. >> it brings stark insides -- dark sides to it. >> every day at sundown for years now, five euros a person at the harbor. the excursion boat belongs to his son. he sees the city's development in a positive light and enjoys the bustling nightlife. >> every resort town has to have casinos. tourists are...
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find out what's really happening to the global economy because the reports. there did whatever they want in syria these days and even the obama administration can do nothing to rein the saudis in and i think to say i asked her is that the united states doesn't have the power that it wants. it doesn't have the leverage that it wants tries to work through allies three international organizations and occasionally on a child and deal with the court of public opinion. the best. there there is a lot in the toolbox right now there are many tools with. some of the sixteen percent of imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. to enter our territorial waters they fish they load the fish into the ships and leave for europe. to day illegal fishing just taking the bread out of our mouths. she turned his lover into an amazon. that had been my dream for so long. but he couldn't hold on to research a thing
find out what's really happening to the global economy because the reports. there did whatever they want in syria these days and even the obama administration can do nothing to rein the saudis in and i think to say i asked her is that the united states doesn't have the power that it wants. it doesn't have the leverage that it wants tries to work through allies three international organizations and occasionally on a child and deal with the court of public opinion. the best. there there is a lot...
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this is what happened in reality nothing else nothing special at least in our economy has been through much tougher periods under the previous government and yet no one talked about it. during this could be taishan period many of sack israelis colleagues members of this cabinet were apprehended and interrogated at this point present secretary himself face out of the country when and if he returns will he question two. with you but i can say with all assuredness. as to the arrests one investigation agencies have actual substantial evidence proving that someone that you know if he or she is a senior official such as former minister of interior and the former prime minister of the americas philly whom we arrested as well as some former ministers and former high ranking officials you know i have said this on many occasions and i would like to read to write that northeast or position guarantees immunity. let's take my position for one which is very high you know that if i commit a crime and five or ten years from now a new government comes into power and this new government finds out and pr
this is what happened in reality nothing else nothing special at least in our economy has been through much tougher periods under the previous government and yet no one talked about it. during this could be taishan period many of sack israelis colleagues members of this cabinet were apprehended and interrogated at this point present secretary himself face out of the country when and if he returns will he question two. with you but i can say with all assuredness. as to the arrests one...
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Jan 11, 2013
01/13
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FBC
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low interest rates, rebounding economy. you know, it's hanging in there at 2%. the ability for people to borrow on real estate growing and building last year. two years ago, $25 billion, this year $50 billion, next year, probably $75 billion. people able to finance rams allowing them to do transaction. commercial real estate a great business. bought two companies, one in philadelphia, smith back, and one in denver, frederick ross at the end of the year. just continuing to build the real estate business. liz: i love the story, and we cover you, and we think that counter fitzgerald a great story. bloomberg has a report about how many of your new hires since 2009 left, this at a time, i don't know, when you eventually decide to go public, there's concerns about what's really going on in this, aad then you've got a ratings agency saying there's a downgrade because of trading volumes. a, will trading volumes get back up to speed, and what is it as far as employee retention to speak to the concerns? >> okay. investment banking, about two years ago, we decided to make
low interest rates, rebounding economy. you know, it's hanging in there at 2%. the ability for people to borrow on real estate growing and building last year. two years ago, $25 billion, this year $50 billion, next year, probably $75 billion. people able to finance rams allowing them to do transaction. commercial real estate a great business. bought two companies, one in philadelphia, smith back, and one in denver, frederick ross at the end of the year. just continuing to build the real estate...
SFGTV: San Francisco Government Television
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Jul 23, 2013
07/13
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the same time we felt it was important to take affirmative action to protect the small business and economy that continue to contribute to the character and vitality of the neighborhood so the legislation i am introducing today puts in place interim controls for 18 months as the planning department studies formula retail study wide. this interim control is just on market street from 6th street to van ness avenue. first it's a conditional use and not a prohibition and understanding there are certain retail uses that are a positive to the neighborhood. second, we decided to enumerate the type of retail we're asking to apply for the conditional use, so i've actually distributed copies to land use committee and the clerk. we initially carved out exception for general grocery stores despite the fact we were able to introduce it in the formula retail we realize there is a need for grocery stores and we carved out an exception for that but after disukz discussions with economic development and the mayor's office we are applying this to limited restaurants and pharmacies and the other uses listed.
the same time we felt it was important to take affirmative action to protect the small business and economy that continue to contribute to the character and vitality of the neighborhood so the legislation i am introducing today puts in place interim controls for 18 months as the planning department studies formula retail study wide. this interim control is just on market street from 6th street to van ness avenue. first it's a conditional use and not a prohibition and understanding there are...
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economy you can of course be successful because you got economy in the short term medium term. with the system but in the long run it has been proven in his during history during all times i would say that if you don't grant freedom of expression if you don't have freedom of media if you don't have a vibrant or. autonomous civil society you always get corruption you get mismanagement salute to a great new year this this is undermining the economy in the long run but i think we're not talking here about authoritative systems i think both russia and china would claim that they are abiding democracy of course neither of them claims that there is but i think what they're arguing for is that sometimes political rights could be curtailed for the sake of security for the sake of economic prosperity as well as for other reasons well i do not to want to compare russia of a china there's two different systems russia has free elections have many political parties. have the civil organizations that can work freely there are discussions about that now but i never heard that russia wants to
economy you can of course be successful because you got economy in the short term medium term. with the system but in the long run it has been proven in his during history during all times i would say that if you don't grant freedom of expression if you don't have freedom of media if you don't have a vibrant or. autonomous civil society you always get corruption you get mismanagement salute to a great new year this this is undermining the economy in the long run but i think we're not talking...
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yeah, no wonder there's uncertainty also in the economy as well. gerri: last word here. >> you know, i think people in general on both sides of the street are really sick of our government not working. >> gerri: i think so too. >> not coming together at all, and you know what? hey, obama and michelle took separate trips. if they gave up golf and the skis trip, maybe they could have saved the white house tour. gerri: your kids won't go on that, that we know, at least for the short term. we preliminary hearing -- reappreciate your time, ladies, great job. if the short clip was not enough, catch all of john stossel's report tonight on education where yiewn veeral pre-k is possible here on fox business. don't miss it. a tale of two tons on opposite ends of the political spectrum. listen to this. we begin in lancaster, california. guess which side this town is on? according to reports, starting january 1 #st, all single homes must have solar pams or at least a kilowatt solar system. you got to have it. can't go without it. you break the law if you do. t
yeah, no wonder there's uncertainty also in the economy as well. gerri: last word here. >> you know, i think people in general on both sides of the street are really sick of our government not working. >> gerri: i think so too. >> not coming together at all, and you know what? hey, obama and michelle took separate trips. if they gave up golf and the skis trip, maybe they could have saved the white house tour. gerri: your kids won't go on that, that we know, at least for the...
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Apr 22, 2013
04/13
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KRCB
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miss for caterpillars they fall short of estimates and the ceo talks about the health of the global economy. and cracked foundation, is the shortage of homes for sale creating a speed bump for the recovery. >>> good everyone, it was a strong earning report late in the day for netflix. >> our top story, earnings and the economy. and conflicts signals about the shape of the business landscape. first, netflix a stunning earnings report after the market closed boosting the stock by more than twenty-five % after hours. they are pulling in millions of sub viscribe subscribers, thanks to rolling out original movies. >>> by contrast, disappointing numbers from caterpillar. it issued a gloomy out look for the rest of the year, because of weak demand for the bull dozers, they are considered a bell weather for the global economy, so the investors pay attention when the company expects slow growth in 2013. and today, disare couraging numbers on housing. sales of existing homes fell in march. economists expecd th to rise and a miss could be a sign that the housing recovery market is not as strong as pre
miss for caterpillars they fall short of estimates and the ceo talks about the health of the global economy. and cracked foundation, is the shortage of homes for sale creating a speed bump for the recovery. >>> good everyone, it was a strong earning report late in the day for netflix. >> our top story, earnings and the economy. and conflicts signals about the shape of the business landscape. first, netflix a stunning earnings report after the market closed boosting the stock by...